Can office supplies and office expense go together on line 18, Sch C? Where does a bus. magazine subscription go on Sch C? Are bus. Bank overdraft fees deductible?

[Scoop980]

I heard mtc bank fees are deductible bec it’s a required cost of banking.,but overdraft fees are not deductible bec. It was error on owners part?

[Coleen3 · Accepted solution]

1) Yes, you can combine office expenditures.

2) Subscriptions can be included under other expenses.

3) Pub 334 says that bank fees are deductible. They do not specify what type. It is a cost of doing business.

https://www.irs.gov/publications/p334